Posted 11/10/2023, 10:16:00 PM
Government Seeks Loans to Fund 500B Baht 'Digital Money' Handouts for 50M Thais
- Government plans to seek 500 billion baht in loans to fund 10,000 baht digital money handout scheme
- Handout eligibility Thai citizens aged 16+ earning under 70k baht/month with under 500k in bank deposits
- Estimated 50 million eligible citizens, down from original 56 million target
- Handout aimed to boost spending and stimulate economy over 6 months after launch
- Money can only be used for food, consumer goods - not online purchases, alcohol, etc.
- Separate 100 billion baht fund also planned to enhance economic competitiveness